The prices for LTC were in for a crazy roller-coaster ride with much-needed volatility in the crypto-markets. The 24-hour time frame shows a maximum price change of about 11%, with current prices at $38.
LTC chart for the one-day time frame shows a lot of volatility with a short spike in prices proceeded by a quick correction. From the one-day chart, the prices started trading at $34 and peaked at $36.14. The prices tried breaking the resistance at this level multiple times but failed, hence the prices stuck to a sideways trend for quite some time.
The prices, however, dipped as low as $35 on January 6, 2019, UTC, after which, LTC prices propelled as high as $38.5, at which point, the 24-hour change was at the highest, i.e., ~11%.
The market cap has reached a whopping $2.45 billion mark, which is a feat in this current bear dominant cryptocurrency space. The constant rally by Litecoin has caused it to overtake Stellar Lumens [XLM] and become the sixth largest cryptocurrency in the world.
In a longer time frame of 7-days, the cryptocurrency [Litecoin] has been soaring by a massive 18% amidst the bear market. In comparison, Bitcoin in 24-hour time frame shows a negative outlook, so does XRP, Bitcoin Cash [BCH], and Stellar Lumens.
The 24-hour trading volume of Litecoin has reached a humungous $815 million and a majority of the volume is coming in from the OKEx exchange via the trading pair LTC/BTC but contributes another $66 million via LTC/USDT pair.
The exchange contributes a total of $82 million. OKEx is followed by Bit-Z exchange that contributes close to $72 million via the same trading pair.
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